Question

Your answer

asked 2020-10-23

part of $10,000 is invested at 11% simple interest account, the rest is at 14% simple interest account. If the annual income is $1,265, how much is invested at each rate?
(solve the equations/ inequalities for x)

asked 2021-07-04

$30,000 is invested for 3 months at an annual simple interest rate of 3%.

How much interest will be earned?

How much interest will be earned?

asked 2021-05-11

Bethany needs to borrow \($10,000.\) She can borrow the money at \(5.5\%\) simple interest for 4 yr or she can borrow at \(5\%\) with interest compounded continuously for 4 yr.

a) How much total interest would Bethany pay at \(5.5\%\) simple interest?

b) How much total interest would Bethany pay at \(5%\) interest compounded continuously?

c) Which option results in less total interest?

a) How much total interest would Bethany pay at \(5.5\%\) simple interest?

b) How much total interest would Bethany pay at \(5%\) interest compounded continuously?

c) Which option results in less total interest?

asked 2021-05-19

A college student earned $8900 during summer vacation working as a waiter in a popular restaurant. Part was invested at 10% simple interest and the remainder at 6% simple interest. At the end of one year, the student had earned $674 interest. How much was invested at 10%?